New Kremlin problem: the Russian Federation risks staying without the largest LNG plant - Reuters
It is noted that supply problems arose after the United States of America imposed sanctions against Arctic LNG 2, the production of which the Russians were going to launch by the end of this year or early 2024. At the same time, Novatek representatives did not want to comment on the situation. According to journalists, the projected capacity of the Arctic LNG 2 plant with three links is 19. 8 million metric tons per year and 1. 6 million tons of stable gas condensate per year.
The project is very important for Russia, because with its help the Kremlin wants to increase its market share in the global LNG market to the fifth part by 2030. Currently, the Russian Federation accounts for about 8% of world deliveries. It was expected that the first projects of the project would sail in the first quarter of next year.
However, one of the sources told the agency that clients who already have contracts for the purchase of LNGs, including Chinese Shenergy Group and Zheijang Energy and Spanish Reppsol, have warned about problems. Arctic LNG 2 is Novatek's project for natural gas production and the production of liquefied natural gas. At the beginning of November 2023, the US Secretary of State for Energy Jeffrey Piett announced new sanctions by Washington against Arctic LNG 2.
He noted that the goal of the White House was to "straighten the Russian project. " In order to carry out its project, the Russian Federation built a large sea terminal for gas export. The object was built near the base of Russian atomic submarines. We will remind, in September it was reported that the Russian Federation after an eight -year break again exports its liquefied gas through the Kerch port on the Crimean peninsula.